JOHN SAVAS, MBA

P.O Box 567 Midlothian, Virginia 23113 (804) 378-9137 SUMMARY: Audit and compliance professional with numerous years of substantial full time audit experience in areas specializing in risk management, financial accounting & reporting, financial analysis, fraud examinations, employee benefits, mortgage auditing, internal controls, and Sarbanes-Oxley compliance in a Fortune 100 corporate environment. Effective communicator with the ability to work independently or as part of a team in order to identify process improvements and implement solutions. PROFESSIONAL EXPERIENCE: GENWORTH FINANCIAL, Inc., Richmond, VA 2013 Derivatives Financial Analyst (Contract assignment) Entrusted with implementing the daily operations of the Derivatives Middle Office Collaborated with Treasury management to ensure timely approval over daily collateral movements. Performing portfolio management analysis over the payment of the derivative collateral maintained with counterparties. Identified and resolved derivative payment trade life cycle discrepancies. This was achieved by implementing a check and balance system saving man hours over the settlement process. The improved efficiencies lead to more accurate and timely issue of the derivative reports to the corporate traders. CHAUNCEY REAL ESTATE MANAGEMENT LLC, New York, N.Y 2012 Present Accountant (Contract assignment) Accountant for a neighborhood real estate management firm. Created an automated monthly tracking process to record payable and receivable activity for year end reconciliation. Streamlined the bookkeeping of capital improvement expenses by segregating transactions and referencing on bank statements. VIRGINIA STATE CORPORATION COMMISSION, Richmond, VA 2009 2012 Depository / Non-Depository Financial Institutions Regulator/Examiner Examine State banks and licensed money transmitters to ensure compliance with state and federal laws. Developed an enhanced examination program to include all aspects of BSA, OFAC and AML laws. Evaluated MSBs on adequacy of management, disclosures, risk, and compliance with applicable laws in addition to the USA PATRIOT Act and Office of Foreign Assets Control requirements. Assessed the safety and soundness of State banks, and their compliance with Federal and State laws Evaluated the bank CAMELS component to identify deficiencies that have an impact on the banks ratings. PHILIP MORRIS U.S.A., Richmond, Virginia 2003 2009 Cost Accountant / Cabarrus Plant Conversion Analyst (2007 2009) The lead cost accountant, responsible for the accounting, reporting, and analysis of the largest cigarette manufacturing facility in the United States. Identified incorrect G.L payroll posting, saving company $2.8 Million in plant labor cost. Reconfigured the factory physical parameter reporting process to clearly highlight the critical variables, saving three man hours per week from the reporting process. Monitored Sarbanes-Oxley compliance over financial reporting areas. Financial Controls Analyst (2004 2007) The key provider of analytical support to field analyst and corporate sale associates. Investigated problem wholesalers and enforced disciplinary actions. sav321@verizon.net

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804-378-9137

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Developed infrastructure to convert manual work papers to an electronic format using Auto Audit Software, reducing audit planning time from four weeks to less than two. Centralized the troubleshooting process of wholesaler compensation payments through the creation of one desk, improving the efficiency and timing of issuing payments out to the corporate sales force. Trade Program Analyst (2003 2004) Coordinated and managed the development and implementation of the corporate direct wholesale trade program. Chosen to be part of the team charged with identifying financially weak wholesalers. As a result, able to reduce the number of direct wholesaler relationship accounts from 1600 to 300; resulting in annual savings to the corporate sales division of over $350 Million. Mitigated risk and improved the trade program reporting process by visiting and personally training the direct wholesalers on the documentation requirements of the PMUSA Trade Program. FEDERAL RESERVE BANK of NEW YORK, New York, New York 1999 2003 Auditor In-Charge Conducted dynamic regulation reviews of the Central Bank. Managed and led reviews of Fedwire, Securities, Fund Transfers & Bank Supervision audits. Served as audit liaison for the Automated Balance Monitoring System and identified IT System enhancement delays. Early intervention allowed the audit department to identify problems and recommended solutions in a timely manner that resulting in a $10 million savings to the banks IT capital improvement project. Managed ongoing reviews of the G/L Accounts for the areas of responsibility to assure day-to-day administration was conducted in compliance with regulations. Improved existing communications with department management by completing monthly team performance reports and presenting to management on a weekly basis. Supervised performance evaluations for staff reporting to me while providing each with ongoing career development coaching. Compiled, prepared and analyzed data for government compliance reporting of depositary institutions with daily transactions of over one billion dollars. MELLON BANK, New York, New York 1993 - 1999 Senior Auditor / Assistant Officer / Project Leader (1993 1997) Dreyfus Corporation subsidiary Provided leadership to staff auditors, and performed quality control testing. Supported Price Waterhouse Coopers SAS 70 audits for the Transfer Agent operations of Dreyfus Transfer Inc., reducing audit examination cost by $25,000. Researched the fund accounting process and streamlined the audit review to mirror the fund closing price process, reducing the time for completing the audit to just one hour after market closing. Senior Auditor (1993 1997) AFCO Credit Corporation subsidiary Reviewed and analyzed the underwriting process to ensure compliance to corporate policy. Designed corporate procedural manual & trained all staff in its use. Resulted in elimination of multiple standards & unified the Mellon Bank corporate image. Submitted idea for developing electronically generated confirmations and saved the company $75,000 in annual cost. Idea was accepted for implementation throughout Mellon Bank. EDUCATION: MBA / Management, Strayer University, Midlothian, Virginia B.S. / Business Administration and Economics (Dual major), Syracuse University, Utica, New York SKILLS: MS Office (Word, Excel, PowerPoint, Access), SAP Software, VISIO, Auto Audit, Hyperion (Limited) & ACL for Windows.